Commerce Bank Sells 3,581 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Commerce Bank decreased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 48.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,747 shares of the real estate investment trust's stock after selling 3,581 shares during the period. Commerce Bank's holdings in Alexandria Real Estate Equities were worth $366,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in Alexandria Real Estate Equities by 57.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 109 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter worth approximately $43,000. Spire Wealth Management lifted its stake in Alexandria Real Estate Equities by 72.5% during the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock valued at $58,000 after purchasing an additional 250 shares during the last quarter. Versant Capital Management Inc grew its position in Alexandria Real Estate Equities by 129.9% in the fourth quarter. Versant Capital Management Inc now owns 745 shares of the real estate investment trust's stock worth $73,000 after buying an additional 421 shares during the last quarter. Finally, Sherman Asset Management Inc. acquired a new position in Alexandria Real Estate Equities in the fourth quarter worth approximately $75,000. Institutional investors and hedge funds own 96.54% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ARE shares. StockNews.com upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They set a "hold" rating and a $100.00 price objective on the stock. Wedbush reiterated a "neutral" rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, JMP Securities restated a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Alexandria Real Estate Equities has a consensus rating of "Hold" and a consensus price target of $118.60.

Alexandria Real Estate Equities Stock Down 1.8 %

NYSE:ARE traded down $1.40 during trading hours on Friday, reaching $75.86. The company's stock had a trading volume of 1,220,353 shares, compared to its average volume of 1,181,535. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The company has a market cap of $13.12 billion, a price-to-earnings ratio of 42.14, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24. Alexandria Real Estate Equities, Inc. has a one year low of $71.57 and a one year high of $130.14. The business's 50-day moving average is $90.42 and its 200-day moving average is $99.71.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. Equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 6.96%. The ex-dividend date of this dividend was Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio is currently 293.33%.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc NYSE: ARE, an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.